UKEB adopts May 2020 amendments to IFRS Accounting Standards

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13 Apr 2022

The UK Endorsement Board (UKEB) has adopted the International Accounting Standard Board’s (IASB's) May 2020 Amendments, its first adoption decision since the delegation of powers in May 2021.

The adopted amendments include three Annual Improvements (from the IASB’s Annual Improvements to IFRS Standards 2018–2020) and three Narrow-Scope Amendments, as follows:

These amendments are effective for annual periods beginning on or after 1 January 2022, with early application permitted.

The press release and updated adoption status report are available on the UKEB website.

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